ICICI Prudential Arbitrage Fund vs Invesco India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Arbitrage Fund and Invesco India Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, ICICI Prudential Arbitrage Fund (Direct) returned 7.3% a year and Invesco India Arbitrage Fund (Direct) returned 7.5% a year. ICICI Prudential Arbitrage Fund charges 1.63% a year and Invesco India Arbitrage Fund 2.20% (Direct plans). Their portfolios overlap 54.6%: they hold 168 of the same securities.
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Invesco India Arbitrage Fund
Arbitrage
- 3 year return
- 7.5%
- Expense ratio
- 2.20%
- NAV
- ₹37.63
Which is better, ICICI Prudential Arbitrage or Invesco India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Arbitrage returned more over 5 years: 7.1% a year against 6.8%.
- Invesco India Arbitrage returned more over 3 years: 7.5% a year against 7.3%.
- ICICI Prudential Arbitrage costs less: 1.63% a year against 2.20% (Direct plans).
- Invesco India Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Invesco India Arbitrage fell less in its worst fall since 08-01-2013: −0.5% against −0.6%.
- ICICI Prudential Arbitrage is the larger fund: ₹35,576 Cr against ₹30,396 Cr.
- Their portfolios overlap 54.6%: 168 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹35,576 Cr (30-09-2026) | ₹30,396 Cr (30-09-2026) |
| NAV | ₹40.00 (Direct) | ₹37.63 (Direct) |
| Expense ratio (Direct) | 1.63% | 2.20% |
| Expense ratio (Regular) | 2.16% | 2.87% |
| Riskometer | Not available | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 30-12-2006 | 30-04-2007 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia | Deepak Gupta, Pradeep Sukte |
| Exit load | 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment | Exit load of 0.50% if redeemed within 15 days |
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| Invesco India Arbitrage Fund (Direct) | +0.63% | +1.62% | +3.40% | +6.88% | +7.46% | +7.14% | +6.46% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
Category average: the average of the 39 Arbitrage funds, same plan type.
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Arbitrage | Invesco IndiaInvesco India Arbitrage |
|---|---|---|
| 2026to date | +5.40% | +5.60% |
| 2025 | +7.02% | +7.17% |
| 2024 | +8.21% | +8.32% |
| 2023 | +7.77% | +8.07% |
| 2022 | +4.79% | +5.85% |
| 2021 | +4.40% | +4.15% |
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,662 of them, one for each trading day from 08-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage | 0.0 | 11.2 | 88.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.8% | 4.5% | 9.2% |
| Invesco India Arbitrage | 0.0 | 5.2 | 94.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 4.8% | 8.6% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 08-01-2013. Past returns do not promise future returns.
ICICI Prudential Arbitrage vs Invesco India Arbitrage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 08-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,66,264 | ₹10,06,264 | 6.6% |
| Invesco India ArbitrageInvesco India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,668 | ₹10,32,668 | 6.7% |
ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct)
Invesco India ArbitrageInvesco India Arbitrage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.62% | +6.88% |
| Standard deviation | 1.39% | 1.35% |
| Sharpe ratio | 1.00 | 1.21 |
| Sortino ratio | 1.53 | 1.82 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.27% | +7.46% |
| Standard deviation | 1.10% | 1.09% |
| Sharpe ratio | 1.13 | 1.32 |
| Sortino ratio | 1.74 | 2.01 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.77% | +7.14% |
| Standard deviation | 1.00% | 1.00% |
| Sharpe ratio | 0.97 | 1.34 |
| Sortino ratio | 1.49 | 2.05 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.95% |
| Standard deviation | 1.05% | 1.04% |
| Sharpe ratio | 0.92 | 0.87 |
| Sortino ratio | 1.38 | 1.29 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.5% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 20-08-2020 | 3 months | −0.1% |
| Invesco India Arbitrage Fund (Direct) | −0.5% | 29-05-2020 | 03-06-2020 | 30-06-2020 | 27 days | −0.0% |
From daily values since 08-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Arbitrage Fund, September 2026; Invesco India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 54.6%
- Held by both
- 168
- Only in ICICI Prudential Arbitrage
- 24
- Only in Invesco India Arbitrage
- 26
| Security | % of ICICI Prudential Arbitrage | % of Invesco India Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 4.44% | 3.48% |
| HDFC Bank Ltd. | 3.36% | 5.58% |
| Vodafone Idea Ltd. | 2.99% | 2.20% |
| Axis Bank Ltd. | 2.94% | 2.20% |
| Bharti Airtel Ltd. | 2.04% | 2.16% |
| State Bank Of India | 2.35% | 1.99% |
| Power Finance Corporation Ltd. | 1.51% | 1.77% |
| Tata Steel Ltd. | 1.47% | 1.57% |
| Coal India Ltd. | 1.65% | 1.47% |
| APL Apollo Tubes Ltd. | 1.37% | 1.77% |
| Canara Bank | 1.23% | 1.52% |
| Adani Power Ltd. | 1.10% | 2.11% |
| Jio Financial Services Ltd | 1.07% | 1.46% |
| Infosys Ltd. | 0.96% | 1.01% |
| Multi Commodity Exchange Of India Ltd. | 0.89% | 1.55% |
| Ambuja Cements Ltd. | 0.85% | 1.26% |
| Varun Beverages Ltd. | 0.91% | 0.80% |
| Cummins India Ltd. | 1.25% | 0.77% |
| Divi's Laboratories Ltd. | 0.75% | 1.08% |
| NMDC Ltd. | 0.75% | 0.71% |
| IDFC First Bank Ltd. | 0.69% | 1.77% |
| Punjab National Bank | 0.69% | 1.03% |
| Small Industries Development Bank Of India. | 0.68% | 0.96% |
| ITC Ltd. | 0.76% | 0.61% |
| The Indian Hotels Company Ltd. | 0.96% | 0.60% |
| ICICI Bank Ltd. | 0.59% | 4.55% |
| Manappuram Finance Ltd. | 0.57% | 0.53% |
| Kotak Mahindra Bank Ltd. | 0.48% | 0.52% |
| Life Insurance Corporation of India | 0.52% | 0.43% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.55% |
| Hindustan Unilever Ltd. | 0.39% | 0.78% |
| Marico Ltd. | 0.39% | 0.38% |
| COFORGE Ltd. | 0.37% | 0.46% |
| Bank Of Baroda | 0.37% | 0.50% |
| Maruti Suzuki India Ltd. | 0.61% | 0.37% |
| Yes Bank Ltd. | 0.35% | 1.38% |
| Jindal Steel Ltd. | 0.35% | 0.39% |
| The Federal Bank Ltd. | 0.34% | 0.78% |
| Biocon Ltd. | 0.34% | 0.64% |
| Indus Towers Ltd. | 0.33% | 0.77% |
| Patanjali Foods Ltd. | 0.33% | 0.48% |
| Crompton Greaves Consumer Electricals Ltd. | 0.32% | 0.55% |
| Bajaj Finance Ltd. | 1.63% | 0.32% |
| Adani Enterprises Ltd. | 0.63% | 0.32% |
| HDFC Asset Management Company Ltd. | 0.46% | 0.32% |
| Axis Bank Ltd. | 0.41% | 0.32% |
| HDFC Bank Ltd. | 0.41% | 0.32% |
| Tata Consultancy Services Ltd. | 0.30% | 0.67% |
| Lupin Ltd. | 0.51% | 0.30% |
| Samvardhana Motherson International Ltd. | 0.37% | 0.30% |
| Indian Oil Corporation Ltd. | 0.29% | 0.60% |
| UPL Ltd. | 0.39% | 0.27% |
| Swiggy Ltd | 0.25% | 0.34% |
| Bandhan Bank Ltd. | 0.46% | 0.25% |
| Container Corporation Of India Ltd. | 0.25% | 0.58% |
| Fortis Healthcare Ltd. | 0.24% | 0.31% |
| Tech Mahindra Ltd. | 0.24% | 0.34% |
| Bharat Heavy Electricals Ltd. | 1.35% | 0.24% |
| NTPC Ltd. | 0.37% | 0.24% |
| LIC Housing Finance Ltd. | 0.24% | 0.64% |
| Hindustan Aeronautics Ltd. | 0.24% | 0.28% |
| Mahindra & Mahindra Ltd. | 0.52% | 0.23% |
| TVS Motor Company Ltd. | 0.23% | 0.23% |
| Steel Authority Of India Ltd. | 0.84% | 0.22% |
| Hindalco Industries Ltd. | 0.46% | 0.22% |
| Shriram Finance Ltd. | 0.25% | 0.22% |
| Adani Energy Solutions Ltd. | 1.31% | 0.21% |
| Bharat Electronics Ltd. | 0.89% | 0.21% |
| Tata Power Company Ltd. | 0.37% | 0.21% |
| Muthoot Finance Ltd. | 0.32% | 0.21% |
| Hindustan Petroleum Corporation Ltd. | 0.31% | 0.21% |
| Torrent Pharmaceuticals Ltd. | 0.21% | 0.40% |
| Eicher Motors Ltd. | 0.36% | 0.19% |
| Alkem Laboratories Ltd. | 0.29% | 0.19% |
| HCL Technologies Ltd. | 0.18% | 0.61% |
| Glenmark Pharmaceuticals Ltd. | 0.69% | 0.18% |
| JSW Energy Ltd | 0.32% | 0.18% |
| AU Small Finance Bank Ltd. | 0.17% | 0.19% |
| Delhivery Ltd. | 0.17% | 0.31% |
| Union Bank Of India | 1.92% | 0.16% |
| Aurobindo Pharma Ltd. | 0.23% | 0.16% |
| Laurus Labs Ltd. | 0.16% | 0.19% |
| Bajaj Auto Ltd. | 0.15% | 0.31% |
| KEI Industries Ltd. | 0.47% | 0.15% |
| Interglobe Aviation Ltd. | 0.14% | 0.16% |
| Titan Company Ltd. | 0.31% | 0.14% |
| Vedanta Ltd. | 0.14% | 0.18% |
| Ge Vernova T&D India Ltd. | 0.13% | 0.58% |
| Nestle India Ltd. | 0.15% | 0.13% |
| Godrej Properties Ltd. | 0.13% | 0.45% |
| Tata Consumer Products Ltd. | 0.12% | 0.36% |
| Larsen & Toubro Ltd. | 0.49% | 0.12% |
| Ashok Leyland Ltd. | 0.12% | 0.20% |
| Adani Green Energy Ltd. | 0.97% | 0.11% |
| Colgate - Palmolive (India) Ltd. | 0.11% | 0.25% |
| Hitachi Energy India Ltd. | 0.22% | 0.10% |
| Central Depository Services (India) Ltd. | 0.10% | 0.19% |
| Bank Of India | 0.10% | 0.26% |
| HDFC Life Insurance Company Ltd. | 0.10% | 0.18% |
| Info Edge (India) Ltd. | 0.10% | 0.23% |
| One 97 Communications Ltd | 0.09% | 0.20% |
| Tube Investments of India Ltd. | 0.15% | 0.09% |
| Oil & Natural Gas Corporation Ltd. | 0.13% | 0.09% |
| Voltas Ltd. | 0.09% | 0.18% |
| Bharat Forge Ltd. | 0.08% | 0.33% |
| The Phoenix Mills Ltd. | 0.08% | 0.13% |
| Asian Paints Ltd. | 0.08% | 0.18% |
| JSW Steel Ltd. | 0.92% | 0.08% |
| Ultratech Cement Ltd. | 0.30% | 0.08% |
| SBI Life Insurance Company Ltd. | 0.09% | 0.08% |
| Aditya Birla Capital Ltd. | 0.08% | 0.17% |
| Inox Wind Ltd. | 0.07% | 0.14% |
| Kalyan Jewellers India Ltd. | 0.07% | 0.11% |
| Indian Energy Exchange Ltd. | 0.07% | 0.28% |
| BSE Ltd. | 0.07% | 0.29% |
| Pidilite Industries Ltd. | 0.06% | 0.12% |
| PB Fintech Ltd. | 0.06% | 0.52% |
| PNB Housing Finance Ltd. | 0.06% | 0.39% |
| Bajaj Finserv Ltd. | 0.31% | 0.06% |
| Gmr Airports Ltd. | 0.21% | 0.06% |
| Power Grid Corporation Of India Ltd. | 0.10% | 0.06% |
| National Aluminium Company Ltd. | 0.06% | 0.09% |
| Astral Ltd. | 0.06% | 0.28% |
| Cholamandalam Investment And Finance Company Ltd. | 0.06% | 0.13% |
| Union Bank Of India | 0.04% | 0.32% |
| Mphasis Ltd. | 0.04% | 0.32% |
| Suzlon Energy Ltd. | 0.04% | 0.24% |
| Apollo Hospitals Enterprise Ltd. | 0.29% | 0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.23% | 0.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.12% | 0.04% |
| Grasim Industries Ltd. | 0.08% | 0.04% |
| ABB India Ltd. | 0.05% | 0.04% |
| RBL Bank Ltd. | 0.04% | 0.38% |
| GAIL (India) Ltd. | 0.04% | 0.12% |
| Hindustan Zinc Ltd. | 0.04% | 0.35% |
| IndusInd Bank Ltd. | 0.25% | 0.03% |
| Solar Industries India Ltd. | 0.22% | 0.03% |
| Cipla Ltd. | 0.20% | 0.03% |
| Eternal Ltd. | 0.17% | 0.03% |
| Trent Ltd. | 0.12% | 0.03% |
| Dabur India Ltd. | 0.09% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.03% |
| NBCC (India) Ltd. | 0.03% | 0.09% |
| SRF Ltd. | 0.03% | 0.09% |
| Bharat Petroleum Corporation Ltd. | 0.03% | 0.12% |
| Sagility India Ltd | 0.02% | 0.13% |
| Pg Electroplast Ltd. | 0.02% | 0.28% |
| KPIT Technologies Ltd | 0.02% | 0.09% |
| Max Financial Services Ltd. | 0.23% | 0.02% |
| Godrej Consumer Products Ltd. | 0.09% | 0.02% |
| MAX Healthcare Institute Ltd | 0.05% | 0.02% |
| Polycab India Ltd. | 0.03% | 0.02% |
| Radico Khaitan Ltd. | 0.02% | 0.13% |
| Bosch Ltd. | 0.02% | 0.09% |
| Computer Age Management Services Ltd. | 0.02% | 0.50% |
| Oberoi Realty Ltd. | 0.02% | 0.29% |
| Bajaj Holdings & Investment Ltd. | 0.02% | 0.09% |
| Supreme Industries Ltd. | 0.01% | 0.12% |
| Angel One Ltd. | 0.01% | 0.02% |
| United Spirits Ltd. | 0.01% | 0.05% |
| Page Industries Ltd. | 0.01% | 0.06% |
| Avenue Supermarts Ltd. | 0.09% | 0.01% |
| Hero Motocorp Ltd. | 0.06% | 0.01% |
| Lodha Developers Ltd | 0.03% | 0.01% |
| Amber Enterprises India Ltd. | 0.01% | 0.01% |
| Zydus Lifesciences Ltd. | 0.01% | 0.02% |
| FSN E-Commerce Ventures Ltd. | 0.01% | 0.34% |
| Persistent Systems Ltd. | 0.01% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.6% means 54.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Arbitrage Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 14.97% |
| Union Bank Of India | 1.78% |
| HDFC Bank Ltd. | 1.37% |
| Small Industries Development Bank Of India. | 1.10% |
| NABARD | 0.82% |
Largest holdings only in Invesco India Arbitrage Fund
| Security | % of fund |
|---|---|
| Invesco India Money Market Fund - Direct Plan - Growth | 5.52% |
| Invesco India Liquid Fund - Direct Plan - Growth | 5.22% |
| HDFC Bank Limited 2027 | 1.28% |
| Bank of Baroda 2027 | 0.96% |
| Invesco India Ultra Short to Short Term Fund - Direct Plan - Growth | 0.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Equity | 71.1% | 79.6% |
| Debt | 11.9% | 5.8% |
| Cash and others | 17.0% | 14.6% |
Market cap of stocks
| Market cap | ICICI Prudential Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Large Cap | 54.2% | 53.9% |
| Mid Cap | 14.7% | 20.6% |
| Small Cap | 2.2% | 5.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Banks | 14.4% | 23.3% |
| Finance | 6.1% | 6.1% |
| Telecom - Services | 5.4% | 5.1% |
| Petroleum Products | 5.1% | 4.4% |
| Power | 4.5% | 3.1% |
| Pharmaceuticals & Biotechnology | 3.7% | 3.2% |
| IT - Software | 0.0% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Arbitrage vs Invesco India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.63% | 2.20% |
| Base expense ratio (Direct) | 0.34% | 0.34% |
| Total expense ratio (Regular) | 2.16% | 2.87% |
| Base expense ratio (Regular) | 0.79% | 0.91% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Arbitrage with
ICICI Prudential Arbitrage Fund vs Invesco India Arbitrage Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Arbitrage Fund and Invesco India Arbitrage Fund?
Both are Arbitrage funds, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 54.6%. ICICI Prudential Arbitrage Fund charges 1.63% a year and Invesco India Arbitrage Fund 2.20%.
Which has given higher returns, ICICI Prudential Arbitrage Fund or Invesco India Arbitrage Fund?
Over 1 year: ICICI Prudential Arbitrage Fund +6.62%, Invesco India Arbitrage Fund +6.88%. Over 3 years: ICICI Prudential Arbitrage Fund +7.27% a year, Invesco India Arbitrage Fund +7.46% a year. Over 5 years: ICICI Prudential Arbitrage Fund +6.77% a year, Invesco India Arbitrage Fund +7.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Arbitrage Fund or Invesco India Arbitrage Fund?
ICICI Prudential Arbitrage Fund charges less: 1.63% a year against 2.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Arbitrage Fund and Invesco India Arbitrage Fund overlap?
54.6%. They hold 168 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, IDEA. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Arbitrage Fund or Invesco India Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,362 in ICICI Prudential Arbitrage Fund (XIRR 7.1% a year) and ₹7,35,975 in Invesco India Arbitrage Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Arbitrage Fund and Invesco India Arbitrage Fund?
Yes. 54.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Arbitrage Fund and Invesco India Arbitrage Fund?
ICICI Prudential Arbitrage Fund: Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia. Invesco India Arbitrage Fund: Deepak Gupta, Pradeep Sukte.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.